Vipshop Holdings Limited (NYSE:VIPS) Shares Bought by Bank of America Corp DE

Bank of America Corp DE boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,028,220 shares of the technology company’s stock after buying an additional 38,656 shares during the period. Bank of America Corp DE owned 0.40% of Vipshop worth $27,320,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after buying an additional 1,487 shares during the period. Jump Financial LLC purchased a new position in shares of Vipshop in the 4th quarter valued at approximately $161,000. Vontobel Holding Ltd. purchased a new position in shares of Vipshop in the 4th quarter valued at approximately $165,000. Atomi Financial Group Inc. grew its stake in shares of Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,191 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Vipshop in the 4th quarter valued at approximately $175,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Up 5.6%

NYSE VIPS opened at $15.32 on Friday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. The business has a fifty day moving average of $14.47 and a 200-day moving average of $14.29.

Vipshop (NYSE:VIPS) last released its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. As a group, analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.43 per share. This represents a yield of 2.9%. The ex-dividend date was Friday, April 11th. Vipshop’s dividend payout ratio is presently 24.24%.

Analyst Ratings Changes

A number of research firms recently weighed in on VIPS. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Citigroup downgraded Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Tuesday, April 1st. Finally, Barclays lifted their price target on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vipshop has an average rating of “Hold” and a consensus target price of $15.30.

Vipshop Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.